What does it mean for a difference in means to be "statistically significant at the 0.05 level?"

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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What does it mean for a difference in means to be "statistically significant at the 0.05 level?"
O The difference in means is exciting, worthwhile and/or noteworthy
The difference in means is only interesting to about five percent (or less) of Americans
There's less than a five percent chance of seeing a difference of that magnitude due entirely to chance (.e., sampling error)
Tom is 95 percent sure that he would rather be taking a nap than writing this exam
Transcribed Image Text:What does it mean for a difference in means to be "statistically significant at the 0.05 level?" O The difference in means is exciting, worthwhile and/or noteworthy The difference in means is only interesting to about five percent (or less) of Americans There's less than a five percent chance of seeing a difference of that magnitude due entirely to chance (.e., sampling error) Tom is 95 percent sure that he would rather be taking a nap than writing this exam
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